THE INDIAN INSTITUTES OF MANAGEMENT ACT, 2017 
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ARRANGEMENT OF SECTIONS 
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CHAPTER I  
PRELIMINARY 

SECTIONS 

1.  Short title and commencement. 
2.  Declaration of certain institutions as institutions of national importance. 
3.  Definitions. 

CHAPTER II  
THE INSTITUTES 

4.  Incorporation of Institutes. 
5.  Effect of incorporation of Institutes. 
6.  Objects of Institutes. 
7.  Powers and functions of Institute. 
8.  Institutes to be open to all irrespective of sex, race, creed, caste or class. 
9.  Institute to be not-for-profit legal entity. 

CHAPTER III 

THE AUTHORITIES OF INSTITUTES 

10.  Board of Governors. 
11.  Powers and functions of Board. 
12.  Term of office of, vacancies among, and allowances payable to members of Board. 
13.  Resignation of Chairperson. 
14.  Academic Council. 
15.  Power and functions of Academic Council. 
16.  Director. 
17.  Initiation of inquiry. 
18.  Custodian of records, etc. 
19.  Role of members of Society. 
20.  Committees and other authorities. 

CHAPTER IV 

ACCOUNTS AND AUDIT 

21.  Grants by Central Government. 
22.  Fund of Institute. 
23.  Accounts and audit. 
24.  Books of account to be maintained by Institute. 
25.  Appointment of auditors. 
26.  Annual report of Director. 
27.  Board to consider statement of accounts. 
28.  Annual report of Institute. 

CHAPTER V 

COORDINATION FORUM 

29.  Establishment of Coordination Forum. 
30.  Functions of Coordination Forum. 

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CHAPTER VI  
MISCELLANEOUS 

SECTIONS 

31.  Acts and proceedings not to be invalidated by vacancies, etc . 
32.  Return and information to be provided to Central Government. 
33.  Institute to be public authority under Right to Information Act. 
34.  Power of Central Government to make rules. 
35.  Power to make regulations 
36.  Ordinances how made. 
37.  Rules and regulations to be laid before Parliament. 
38.  Power to remove difficulties. 
39.  Transitional provisions. 
THE SCHEDULE. 

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THE INDIAN INSTITUTES OF MANAGEMENT ACT, 2017 

ACT NO. 33 OF 2017 

An Act to declare certain Institutes of management to be institutions of national importance with a view to 
empower  these  institutions  to  attain  standards  of  global  excellence  in  management,  management 
research and allied areas of knowledge and to provide for certain other matters connected therewith or 
incidental thereto. 

BE it enacted by Parliament in the Sixty-eighth Year of the Republic of India as follows:— 

[31st December, 2017.] 

CHAPTER I  
PRELIMINARY 

1.  Short  title  and  commencement.—(1) This  Act  may  be  called the  Indian  Institutes  of Management 

Act, 2017. 

(2) It shall come into force on such date1 as the Central Government may, by notification in the Official 

Gazette, appoint, and different dates may be appointed for different provisions of this Act. 

2. Declaration of certain institutions as institutions of national importance.—Whereas the objects of the 
Institutes mentioned in the Schedule are such as to make them institutions of national importance, it is 
hereby declared that each such Institute is an institution of national importance. 

3. Definitions.—In this Act, unless the context otherwise requires,— 

(a) “Academic Council” means the Academic Council referred to in section 14; 

(b)  “Board”,  in  relation  to  any  Institute,  means  the  Board  of  Governors  referred  to  in                       

sub-section (1) of section 10; 

(c)  “Chairperson”  means  the  Chairperson  of  the  Board  of  Governors  of  the  Institutes  appointed 

under clause (a) of sub-section (2) of section 10; 

(d) “Coordination Forum” means the Coordination Forum established under section 29; 

(e) “corresponding Institute”, in relation to an Institute mentioned in column (3) of the Schedule, 

means an Institute as specified against the said Institute in column (5); 

(f) 2[“Director” means] the Director of the Institute appointed under sub-section (2) of section 16; 

(g) “existing Institute” means any Institute mentioned in column (3) of the Schedule; 

(h) “Institute” means any Institute mentioned in column (5) of the Schedule; 

(i) “notification” means a notification published in the Official Gazette and the expression “notify” 

with its cognate meanings and grammatical variation shall be construed accordingly; 

(j) “Ordinances” means Ordinances made by the Academic Council under this Act; 

(k) “prescribed” means prescribed by rules made under this Act; 

(l) “regulations” means regulations made by the Board; 

(m) “Schedule” means the Schedule annexed to this Act; 

(n)  “society”  means  any  of  the  societies  registered  under  the  Societies  Registration  Act,  1860            

(21  of  1860)  or  the  Mysore  Societies'  Registration  Act,  1960  (17  of  1960)  or  the  Madhya  Pradesh 
Societies  Registration  Act,  1973  (44  of  1973)  or  the  Tamil  Nadu  Societies  Registration  Act,  1975            
(27 of 1975) or the Jammu and Kashmir Societies Registration Act, 1998 (VI of 1998) mentioned in 
column (3) of the Schedule. 

1.  31st  January,  2018,  vide  notification  No.  S.O.  149(E),  dated  11th  January,  2018,  see  Gazette  of  India,  Extraordinary,                 
Part II, sec. 3(ii). 
2. Subs. by Act 31 of 2019, s. 3 and the Second Schedule, for “Director”, means” (w.e.f. 8-8-2019) 

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CHAPTER II  
THE INSTITUTES 

4.  Incorporation  of  Institutes.—(1)  On  and  from  the  commencement  of  this  Act,  every  existing 

Institute shall be a body corporate by the same name as mentioned in column (5) of the Schedule. 

(2)  Every  Institute  referred  to  in  column  (5)  of  the  Schedule  shall  have  perpetual  succession  and  a 
common seal, with power, subject to the provisions of this Act, to acquire, hold and dispose of property, 
both movable and immovable, and to contract and shall, by the said name, sue or be sued. 

5. Effect of incorporation of Institutes.—On and from the commencement of this Act,— 

(a) any reference to an existing Institute in any contract or other instrument shall be deemed as a 

reference to the corresponding Institute; 

(b) all properties, movable and immovable, of or belonging to every existing Institute shall vest in 

the corresponding Institute; 

(c) all rights and debts and other liabilities of every existing Institute shall be transferred to, and be 

the rights and liabilities of, the corresponding Institute; 

(d)  every  person  employed  by  every  existing  Institute  immediately  before  such  commencement 
shall  hold  his  office  or  service  in  the  corresponding  Institute,  with  the  same  tenure,  at  the  same 
remuneration  and  upon  the  same  terms  and  conditions  and  with  the  same  rights  and  privileges  as  to 
pension, leave, gratuity, provident fund and other matters as he would have held had this Act not been 
enacted and shall continue to do so unless and until his employment is terminated or until such tenure, 
remuneration and terms and conditions are duly altered by regulations: 

Provided  that  if  the  alteration  so  made  is  not  acceptable  to  such  employee,  his  employment  may  be 
terminated by the Institute in accordance with the terms of the contract with the employee, or, if no provision 
is  made  therein  in  this  behalf,  on  payment,  to  him  by  the  Institute,  of  a  compensation  equivalent  to  three 
months'  remuneration  in  case  of  permanent  employee  and  one  months'  remuneration  in  the  case  of  other 
employee: 

Provided further that any reference, by whatever form of words, to the Director, and other officers of 
an existing Institute under any law for the time being in force, or in any instrument or other document, 
shall be construed as a reference to the Director, and other officers of the corresponding Institutes; 

(e) every person pursuing, before commencement of this Act, any academic or research course in 
every  existing  Institute,  shall  be  deemed  to  have  migrated  and  registered  with  the  corresponding 
Institute, on such commencement at the same level of course in the Institute from which such person 
migrated; 

(f) all suits and other legal proceedings instituted or which could have been instituted by or against an 
existing Institute, immediately before the commencement of this Act, shall be continued or instituted by 
or against the corresponding Institute. 

6. Objects of Institutes. —Each Institute shall have the following objects, namely:— 

(a) to educate and support leaders who can contribute as professional managers, entrepreneurs, and 

stewards of existing and emerging enterprises in the private, public, and social sectors; 

(b) to carry out research, publication, consultancy and advisory work to advance new knowledge 

and innovation and to provide global leadership in management theory and practice: 

Provided  that  research  so  conducted  shall  also  be  directed  towards  such  areas  of  study  which  shall 
enhance inclusive, equitable and sustainable national development goals as enshrined in the objects of the 
Act; 

(c) to provide management education of high quality and to promote allied areas of knowledge as 

well as interdisciplinary studies; 

(d) to sensitise management education to the vision of inclusive, equitable and sustainable national 

development goals in order to contribute holistically to Society; 

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(e) to support and develop programmes promoting social and gender equity; 

(f) to develop educational programmes and faculties that advance the cause of education, teaching 

and learning, across disciplines; 

(g) to set-up centres for management studies and allied areas; 

(h)  to  support  and collaborate  with  management  institutions  and other  educational  institutions in 

India; 

(i) to co-operate and collaborate with educational or management institutions in other countries to 

extend the interests of management education and research. 

7.  Powers  and  functions  of  Institute.—Subject  to  the  provisions  of  this  Act,  every  Institute  shall 

exercise the following powers and perform the following functions, namely:— 

(a) to carry out the administration and management of the Institutes; 

(b)  to  provide  by  regulations  for  the  admission  of  candidates  to  the  various  courses  of  study  in 

conformity with the laws for the time being in force; 

(c)  to  specify  and  conduct  courses  of  study,  training  and  research  in  management  and  allied 

subjects and document, and disseminate knowledge thereof; 

(d) to evolve innovative management education pedagogy aligned to dynamic global management 

practices; 

(e) to conduct examinations and to establish processes for evaluation and performance assessment 

through a fair and transparent system; 

(f) to grant degrees, diplomas  and other academic distinctions or titles and to institute and award 

fellowships, scholarships, prizes and medals, honorary awards and other distinctions; 

(g) to lower the cost of education and to enhance the reach of the education by use of information 

and communication technology and other innovative methods; 

(h) to establish and maintain such infrastructure as may be necessary; 

(i) to determine, specify and receive payment of, fees and other charges as the Institute may deem 
fit, from students and any other person, institution or body corporate for instruction and other services, 
including training, consultancy and advisory services, provided by the Institute; 

(j)  to  acquire,  hold  and  deal  with  the  property  belonging  to  or  vested  in  the  Institute,  with  the 
approval  of  the  Board,  and  in  case  of  immovable  property,  under  prior  intimation  to  the  Central 
Government, for advancing the objects of the Institute subject to the condition that such property is 
not obtained wholly or partly from the State Government or the Central Government funds: 

Provided that where the land for the Institute has been provided free of cost by a State Government 
or the Central Government such land may be disposed of only with the prior approval of the Central 
Government; 

(k)  to  create  academic,  administrative,  technical,  ministerial  and  other  posts  under  the  Institute 

other than the post of Director of the Institute and to make appointments thereto; 

(l) to appoint committees for the disposal of any business of the Institute or for tendering advice in 

any matter pertaining to the Institute; 

(m) to receive grants, gifts and contributions and to have custody of the funds including internally 
generated  funds  of  the  Institute  to  meet  the  expenses,  including  capital  expenditure  of  the  Institute 
including expenses incurred in the exercise of its powers and discharge of its functions; 

(n)  to  create  partnership,  affiliation  and  other  classes  of  professional  or  honorary  or  technical 

membership or office as the Institute may consider necessary; 

(o)  to  perform  such  other  functions  as  may  be  necessary  for  carrying  out  the  objects  of  the 

Institutes; 

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(p) to do all such things and activities, incidental to the attainment of all or any of the objects 

of the Institute. 

8. Institutes to be open to all irrespective of sex, race, creed, caste or class.—(1) Every Institute 
shall be open to all persons irrespective of sex, race, creed, caste or class, and no test or condition shall be 
imposed  as  to  religious  belief  or  profession  in  admitting  or  appointing  members,  students,  teachers  or 
workers or in any other connection whatsoever. 

(2) No bequest, donation or transfer of any property shall be accepted by any Institute which in the 

opinion of the Board involves conditions or obligations opposed to the spirit and object of this section. 

(3) The admission to every  academic course or programme of study in each  Institute shall be based on 
merit  assessed  through  transparent  and  reasonable  criteria  disclosed  through  its  prospectus,  prior  to  the 
commencement of the process of admission by such Institute: 

Provided  that  nothing  in  this  section  shall  be  deemed  to  prevent  the  Institute  from  making  special 
provisions for the employment or admission of women, persons with disabilities or for persons belonging 
to any socially and educationally backward classes of citizens and, in particular, for the Scheduled Castes 
and the Scheduled Tribes: 

Provided further that every such Institute shall be a Central Educational Institution for the purposes of 

the Central Educational Institutions (Reservation in Admission) Act, 2006 (5 of 2007). 

9. Institute to be not-for-profit legal entity.—(1) Every Institute shall be a not-for-profit legal entity 
and no part of the surplus, if any, in revenue of such Institute, after meeting all expenditure in regard to 
its operations under this Act, shall be invested for any purpose other than for the growth and development 
of such Institute or for conducting research therein. 

(2) Every Institute shall strive to raise funds for self-sufficiency and sustainability. 

CHAPTER III 

THE AUTHORITIES OF INSTITUTES 

10.  Board  of  Governors.—(1)  The  Board  of  Governors  of  each  Institute  shall  be  the  principal 

executive body of that Institute. 

(2) The Board of each Institute shall consist of the following members, namely:— 

(a)  a  Chairperson,  from  amongst  eminent  persons  distinguished  in  the  field  of  industry  or 
education or science or technology or management or public administration or such other field, to be 
appointed by the Board; 

(b)  one  nominee  of  the  Central  Government  having  charge  of  the  management  education  or  his 

representative; 

(c)  one  nominee  of  the  respective  State  Government  or  representative  of  such  nominees,  within 

whose territorial jurisdiction the Institute is located; 

(d)  four  eminent  persons,  of  which  at  least  one  shall  be  a  woman,  distinguished  in  the  field  of 
education, industry, commerce, social service or public administration, to be nominated by the Board, 
having such experience and in such manner as may be specified by regulations; 

(e) two members from the faculty of respective Institutes to be nominated by the Chairperson, in 

the manner to be laid down by the Board by regulations; 

(f) one person from the Scheduled Castes or Scheduled Tribes to be nominated by the Board from 

amongst the members referred to in clauses (d), (e) and (g); 

(g) up to five persons to be co-opted by the Board from the alumni or the members of society of the 

existing Institute who have distinguished themselves in the field of management: 

Provided that out of such five persons, not more than one member shall be from the Society; 

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(h) three women members to be nominated by the Board from amongst the members referred to in 

clauses (d), (e) and (g); 

(i) Director of the Institute, ex officio member. 

(3) The Board may nominate a person to fill up any temporary vacancy, of a member referred to in clauses (d) 

and (g) of sub-section (2), for a period which may extend to three months. 

(4) The Board shall designate an officer of the Institute to act as Secretary of the Board. 

 (5) The Chairperson shall have the power to invite any number of experts, not being members of the 

Board, to attend meetings of the Board, but such invitees shall not be entitled to vote at the meeting. 

11. Powers  and functions  of Board.—(1) Subject to the provisions of this Act, the Board of every 
Institute shall be responsible for the general superintendence, direction and control of the affairs of the 
Institute and shall have the power to frame or amend or modify or rescind the regulations governing the 
affairs of the Institute to achieve the objects of the Institute specified in section 6. 

(2) Without prejudice to the provisions of sub-section (1), the Board shall have the following powers, 

namely:— 

(a)  to  take  decisions  on  questions  of  policy  relating  to  the  administration  and  working  of  the 

Institute; 

(b) to examine and approve the annual budget estimates of the Institute; 

(c)  to  examine  and  approve  the  plan  for  development  of  the  Institute  and  to  identify  sources  of 

finance for implementation of the plan; 

(d) to establish departments, faculties or schools of studies and initiate programmes or courses of 

study at the Institute; 

(e) to set-up centres of management studies and allied areas within the country under intimation to 

the Central Government; 

(f) to grant degrees, diplomas and other academic distinctions or titles, and to institute and award 

fellowships, scholarships, prizes and medals; 

(g) to confer honorary degrees in such manner as may be specified by the regulations; 

(h) to grant honorary awards and other distinctions; 

(i) to create academic, administrative, technical and other posts and to make appointments thereto: 

Provided that the cadre, the pay scales, allowances and term of employment of such posts shall be 

such as may be determined by the Central Government; 

(j) to determine, by regulations, the number and emoluments of such posts and to define the duties 

and conditions of services of the academic, administrative, technical and other staff; 

(k)  to  set-up  centres  of  management  studies  and  allied  areas  outside  India  in  accordance  with 
guidelines  laid  down  by  the  Central  Government  from  time  to  time  and  in  accordance  with  the 
provisions of the laws for the time being in force in such foreign country; 

(l)  to  pay,  variable  pay  to the  Director  of the  Institute  on  the  basis  of  performance  objectives as 

may be specified by the regulations; 

(m) to specify by regulations, the fees to be charged for courses of study and examinations in the 

Institute; 

(n) to specify by regulations the manner of formation of department of teaching; 

(o)  to  specify  by  regulations  the  institution  of  fellowships,  scholarships,  exhibitions,  medals  and 

prizes; 

(p)  to  specify  by  regulations  the  qualifications,  classification,  terms  of  office  and  method  of 

appointment of the academic, administrative, technical and other staff of the Institute; 

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(q)  to  specify  by  regulations  the  constitution  of  pension,  insurance  and  provident  funds  for  the 

benefit of the academic, administrative, technical and other staff; 

(r) to specify by regulations, the establishment and maintenance of buildings; 

(s) to specify by regulations, the conditions of residence of students of the Institute and levying of fees 

for residence in the halls and hostels and of other charges; 

(t) to specify by regulations, the manner of authentication of the orders and decisions of the Board; 

(u) to specify by regulations, the quorum for meetings of the Board, the Academic Council or any 

Committee, and the procedures to be followed in the conduct of their business; 

(v) to specify by regulations, the financial accountability of the Institute; and 

(w) to exercise such other powers and perform such other duties as may be conferred or imposed 

upon it by this Act or the rules made thereunder. 

(3)  Subject  to  the  provisions  of  this  Act,  the  Board  may  by  regulations,  delegate  such  powers  and 

functions of the Board to the Director as it may deem fit. 

(4) The Board shall conduct an annual review of the performance of the Director, in the context of the 

achievements of objects of the Institute: 

Provided  that  such  review  shall  include  performance  reviews  of  faculty  members  of  the  Institute  on  such 

parameters, periodicity and terms of reference as may be determined by the Board. 

(5) The Board shall, through an independent agency or group of experts, within a period of three years 
from the date of incorporation of the Institute, and thereafter at least once every three years, evaluate and 
review the performance of the Institutes, including its faculty, on the parameters of long term strategy and 
rolling plans of the Institutes and such other parameters as the Board may decide and the report of such 
review shall be placed in public domain. 

(6) The qualifications, experience and the manner of selection of the independent agency or group of 

experts, referred to in sub-section (5), shall be such as may be specified by regulations. 

(7) The report of the evaluation and review under sub-section (5) shall be submitted by the Board to the 

Central Government along with an action taken report thereon. 

(8)  Where  in  the  opinion  of  the  Chairperson  or  the  Director  the  situation  is  so  emergent  that  an 
immediate decision need to be taken in the interest of the Institute, the Chairperson, in consultation with 
the Director may issue such orders as may be necessary, recording the grounds for his opinion: 

Provided that such orders shall be submitted for ratification by the Board in the next meeting. 

(9)  The  Board  shall  in  the  exercise  of  its  power  and  discharge  of  its  functions  under  this  Act,  be 

accountable to the Central Government. 

12. Term of office of, vacancies among, and allowances payable to members of Board.—(1) Save 
as otherwise provided in this section, the term of office of the Chairperson or any other member of the 
Board,  other  than  an  ex  officio  member,  shall  be  four  years  from  the  date  of  his  appointment  or 
nomination: 

Provided  that  the  term  of  office  of  a  member  nominated  under  clause  (e)  of  sub-section  (2)  of             

section 11 shall be two years from the date of his nomination: 

Provided  further  that  the  Chairperson,  or  any  other  member  of  the  Board,  other  than  an  ex  officio 

member, may be appointed or nominated for a second term: 

Provided also that the Chairperson or any other member of the Board, other than an  ex officio  member, 

shall not be appointed or nominated for more than two consecutive terms. 

(2) The term of office of an ex officio member shall continue so long as he holds the office by virtue of 

which he is a member of the Board. 

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(3) A member of the Board, other than a nominee of the Central Government or the State Government, 
who fails to attend three consecutive meetings of the Board without permission of the Chairperson, shall 
cease to be a member of the Board. 

(4) A casual vacancy of a member shall be filled up in accordance with the provisions of section 10. 

(5) The term of office of a member nominated to fill a casual vacancy shall continue for the remainder of 

the term of the member in whose place he has been so nominated. 

(6) Members of the Board shall be entitled to such allowances, as may be specified in the regulations, 

for attending meetings of the Board. 

(7) The Board shall meet at least once in every three months. 

13.  Resignation  of  Chairperson.—The  Chairperson  may,  by  notice  in  writing  under  his  hand 

addressed to the Board, resign from his office. 

14.  Academic  Council.—(1) The  Academic  Council shall  be  the  principal academic  body  of  every 

Institute, consisting of the following persons, namely:— 

(a) Director of the Institute, who shall be the Chairperson of the Academic Council; 

(b) Deans in charge of academics, research, student affairs and such other functions of the Institute; 

(c) Chairs of Areas or Programmes, Heads or Coordinators of Faculties or Schools or Centres or 

Departments, of the Institute; 

(d) all full time Faculty at the level of Professors and such number of other full time Faculty of the 

Institute as may be determined by the Board; 

(e)  such  members,  by  invitation  of  the  Board  on  the  recommendation  of  the  Director,  who  are 

eminent in the fields of industry, finance, management, public administration and academics. 

(2) The term of office of an ex officio member shall continue so long as he holds the office by virtue of 

which he is a member. 

(3) The term of office of a member nominated under clause (d) of sub-section (1) shall be two years 

from the date of his nomination. 

15.  Power  and  functions  of  Academic  Council.—(1)  The  Academic  Council  shall  perform  the 

following functions, namely:— 

(a) to specify the criteria and process for admission to courses or programmes of study offered by 

the Institute; 

(b)  to  specify  the  academic  content  of  programmes  and  courses  of  study  and  undertake 

modifications therein; 

(c) to specify the academic calendar, guidelines for conduct of examination and recommend grant of 

degrees, diplomas and other academic distinctions or titles. 

(2) The Academic Council shall exercise such other powers and perform such other functions as may 

be conferred upon it, by this Act or the regulations or by the Board. 

16.  Director.—(1)  The  Director  shall  be  the  Chief  Executive  Officer  of  the  Institute  and  shall 

provide leadership to the Institute and be responsible for implementation of the decisions of the Board. 

(2) The Director shall be appointed by the Board, on such terms and conditions of service as may be 

prescribed. 

(3) The Director shall be appointed out of the panel of names recommended by a search-cum-selection 

committee to be constituted by the Board, consisting of:— 

(a)  the  Chairperson  of  the  Board,  who  shall  be  the  Chairperson  of  the  search-cum-selection 

committee; 

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(b)  three  members  chosen  from  amongst  eminent  administrators,  industrialists,  educationists, 

scientists, technocrats and management specialists: 

Provided that where the Board is not satisfied with the recommendations of the search-cum-selection 

committee, it may ask the search-cum-selection committee to make fresh recommendations. 

(4) The Director shall exercise the powers and perform the duties as may be assigned to him under this 

Act or the regulations or as may be delegated to him by the Board: 

Provided  that  the  Board  may  lay  down  the  criteria  to  be  followed  by  the  Director  while  exercising 
powers and performing his duties, which shall be evaluated by the Board annually, and if the Board is of 
the opinion that such criteria has not been followed, then, the Board may, after giving an opportunity of 
being heard to the Director, initiate action for removal of such Director under sub-section (7). 

(5)  The  Director  shall,  except  on  account  of  resignation  or  removal,  hold  office  for  a  term  of  five 

years, from the date on which he enters upon his office. 

(6)  The  Director  may,  by  notice  in  writing  under  his  hand  addressed  to  the  Board,  through  the 

Chairperson, resign his office at any time. 

(7) The Board may remove from office the Director, who— 

(a) has been adjudged as an insolvent; or 

(b) has been convicted of an offence which, in the opinion of the Board, involves moral turpitude; 

or 

(c) has become physically or mentally incapable of acting as a Director; or 

(d) has acquired such financial or other interest as is likely to affect prejudicially his functions as a 

Director; or 

(e)  has  so  abused  his  position  or  so  conducted  himself  as  to  render  his  continuance  in  office 

prejudicial to the public interest: 

Provided that the Director shall not be removed from office except by an order made by the Board, 
after an enquiry instituted by it in which the Director has been informed of the charges against him and 
given a reasonable opportunity of being heard in respect of those charges. 

(8) Where the post of Director is likely to fall vacant on account of completion of tenure, the Board 

shall initiate the process of appointment nine months prior to the occurrence of such vacancy. 

(9)  Where  the  post  of  Director  falls  vacant  on  account  of  any  reason,  the  Board  may  appoint  the 

senior-most faculty in the institution as the Director in charge till a regular Director is appointed: 

Provided that if the senior-most faculty is not willing to hold the post of Director in charge, then the 

next senior-most willing faculty may be appointed as Director in charge. 

17.  Initiation  of  inquiry.—(1)  The  Board  may  initiate  an  inquiry  as  deemed  proper  against  the 

Institute which has not been functioning in accordance with the provisions and the objectives of the Act: 

Provided that such an inquiry shall be conducted by a retired High Court Judge. 

(2) The Board may, based on the findings of such an inquiry, remove the Director or take any other 
action deemed fit, and the Insitute shall be bound to comply with such directions within reasonable time. 

18.  Custodian  of  records,  etc.—The Board may designate any officer or officers of the Institute as 

the custodian of records, common seal, funds of the Institute and any other property of the Institute. 

19. Role of members of Society.—The members of the societies referred to at serial numbers 2 and 3 
under column (3) of the Schedule, may be engaged by the respective Boards of corresponding Institutes, 
for advisory assistance to it, by passing a resolution in that behalf. 

20.  Committees  and  other  authorities.—(1)  The  Board  may,  constitute  such  committees  and  other 
authorities of the  Institute and specify the duties and functions of each such committees and authorities by 
regulations. 

10 

 
(2) The Board may constitute such ad hoc committees as it may deem fit, for proper management of 

affairs of the Institute. 

CHAPTER IV 

ACCOUNTS AND AUDIT 

21.  Grants  by  Central  Government.—For the purpose of enabling the Institutes to discharge their 
functions  efficiently  under  this  Act,  the  Central  Government  may,  after  due  appropriation  made  by 
Parliament  by  law  in this behalf,  pay  to  every  Institute such sums  of  money  in  such  manner  as  it  may 
think fit. 

22.  Fund of Institute.—(1) Every Institute shall maintain a Fund to which shall be credited— 

(a) all moneys provided by the Central Government; 

(b) all fees and other charges received by the Institute; 

(c) all moneys received by the Institute by way of grants, gifts, donations, benefactions, bequests or 

transfers; 

(d)  all  moneys  received  by  the  Institute  from  utilisation  of  intellectual  property  arising  from 

research conducted or rendering advisory or consultancy services by it; and 

(e) all moneys received by the Institute in any other manner or from any other source. 

(2) All moneys credited to the Fund of every Institute shall be deposited in such banks or invested in 

such manner as may be laid down by the Board by regulations. 

(3) Each Institute shall create a corpus fund for long term sustainability of the Institute, to which shall 
be credited such per cent. of the net income of the Institute and donations made specifically towards such 
corpus  fund  as  the  Central  Government  may  in  accordance  with  the  provisions  of  the  Income  tax  Act, 
1961 (43 of 1961), notify: 

Provided that the Board may also create endowment funds for specific purposes to which donations 

may be specifically made. 

(4)  The  fund  of  any  Institute  shall  be  applied  in  such  manner  and  for  such  purposes  as  may  be 

specified by the regulations. 

23.  Accounts  and  audit.—(1)  Every  Institute  shall maintain  proper  accounts including  income  and 
expenditure  statements,  internal  audit  report  and  statement  audited  by  internal  auditor  specifying 
investments  and  other  relevant  records  and prepare  annual statement  of  accounts  including  the balance 
sheet in such form and as per such accounting standard as may be specified by notification by the Central 
Government in consultation with the Comptroller and Auditor-General of India. 

(2)  Where  the  statement  of  income  and  expenditure  and  the  balance  sheet  of  the  Institute  do  not 
comply  with  the  accounting  standards,  the  Institute  shall  disclose  in  its  statement  of  income  and 
expenditure and balance sheet, the following, namely:— 

(a) the deviation from the accounting standards; 

(b) the reasons for such deviation; and 

(c) the financial effect, if any, arising out of such deviation. 

 (3) The accounts of every Institute shall be audited by the Comptroller and Auditor-General of India and 
any expenditure incurred by audit team in connection with such audit shall be payable by the Institute to the 
Comptroller and Auditor-General of India. 

(4)  The  Comptroller  and  Auditor-General  of  India  and  any  person  appointed  by  him  in  connection 
with  the  audit  of  the  accounts  of  the  Institute  shall  have  the  same  rights,  privileges  and  authority  in 
connection with such audit as the Comptroller and Auditor-General of India has in connection with the 
audit  of  the  Government  accounts  and,  in  particular,  shall  have  the  right  to  demand  the  production  of 
books,  accounts,  connected  vouchers  and  other  documents  and  papers  and to  inspect  the  offices  of the 
Institute. 

11 

 
(5) The accounts of every  Institute as certified by the  Comptroller and  Auditor-General of  India  or any 
other person appointed by him in this behalf together with the audit report thereon shall be forwarded annually 
to  the  Central  Government  and  that  Government  shall  cause  the  same  to  be  laid  before  each  House  of 
Parliament in accordance with such procedure as may be laid down by the Central Government. 

24. Books  of  account  to  be  maintained  by  Institute.—Every Institute shall keep proper updated 

books of account with respect to— 

(a) all sums of money received and expended by it and the matters in respect of which receipt and 

expenditure takes place; 

(b) the assets and liabilities of the Institute; 

(c) the properties, movable and immovable of the Institute. 

Explanation.—For the purposes of this section, if books of account give a true and fair view of the 
state  of affairs  of  the  Institute and its transactions,  it shall  be  deemed  as proper books  of account  with 
respect to the matters specified therein. 

25.  Appointment  of  auditors.—(1)  The  Board  of  every  Institute  shall,  prior  to  the  end  of  every 
financial year, and without prejudice to the provisions contained in the Comptroller and Auditor-General's 
(Duties, Powers and Conditions of Service) Act, 1971 (56 of 1971) or any other law for the time being in 
force  containing  provisions  for  audit  of  accounts  by  the  Institutes,  appoint  such  auditors  including  the 
internal  auditor,  on  such  remuneration  as  it  thinks  appropriate,  to  scrutinise  the  balance  sheet  and  the 
statement of income and expenditure of such Institute: 

Provided that the Board shall change the auditors after every four years. 

(2) The Board of every Institute shall constitute an Audit Committee to provide an expert advice on 

effectiveness of internal control system, risk management and audit report to the Board. 

(3) The auditor  appointed under  sub-section (1)  or  any  person  employed  by  him  shall  not have  any 
direct  or  indirect  interest,  whether  pecuniary  or  otherwise,  in  any  matter  concerning  or  related  to  the 
administration or functions of the Institute. 

26.  Annual  report  of  Director.—(1)  There  shall  be  attached  to  every  statement  of  accounts  laid 

before the Board of each Institute under section 27, a report, by its Director, with respect to— 

(a) the state of affairs of such Institute; 

(b) the amounts, if any, which it proposes to carry to any surplus reserves in its balance sheet; 

(c) the extent to which understatement or overstatement of any surplus of income over expenditure or 
any shortfall of expenditure over income has been indicated in the auditor's report and the reasons for such 
understatement or overstatement; 

(d) the productivity of research projects undertaken by the Institute measured in accordance with 

such norms as may be specified by the Board; 

(e) appointments of the officers and faculty members of the Institute; 

(f)  performance  indicators  and  internal  standards  set  by  the  Institute,  including  the  nature  of 

innovations in teaching, research and application of knowledge. 

(2) The report of the Director shall also include a statement showing the names of the five officers including 
faculty  members  and  other  employees  of  the  Institute  who  received  the  highest  remuneration  (including 
allowances and other payments made to such employees) during the financial year and the contributions made by 
such employee during the financial year. 

(3) The statement referred to in sub-section (2) shall indicate whether any such employee is a relative of any 
member of the Board or Academic Council of the Institute and if so, the name of such member; and such other 
particulars as may be determined by the Board. 

12 

 
(4) The Director shall also be bound to give the complete information and explanations in the report 
referred  to  in  sub-section  (1)  on  every  reservation,  qualification  or  adverse  remark  contained  in  the 
auditors' report. 

27. Board to consider statement of accounts.—(1) The statement of accounts, including the balance sheet 
and the statement of income and expenditure, the auditor's report, the report of the Director and other documents 
required to be annexed or attached with such statement, shall be brought before the Board of concerned Institute in 
its meeting not later than three months, from the conclusion of the financial year. 

(2) A copy of every statement of accounts referred to in sub-section (1) shall be sent to every member of 

the Board not less than twenty-one days before the date of the meeting. 

(3)  The  statement  of  accounts  referred  to  in  sub-section  (1)  shall  on  its  approval  by  the  Board,  be 

published on the website of the Institute. 

28. Annual report of Institute.—(1) The annual report of every Institute shall be prepared under the 
directions of the Board, which shall include, among other matters, steps taken by the Institute towards the 
fulfilment  of  its  objects  and  an  outcome  based  assessment  of  the  research  being  undertaken  in  such 
Institute. 

Explanation.—For  the  purposes  of  this  sub-section,  the  expression  “outcome  based  assessment  of 
research”  shall  mean  an  elaboration  and  analysis  of  the  research  conducted  and  the  qualitative  and 
quantitative outcomes of such research along with its impact factor and social outcomes. 

(2) The annual report prepared under sub-section (1) shall be submitted to the Board on or before such 

date as may be specified by the Board who shall consider the report in its meeting. 

(3) The annual report on its approval by the Board shall be published on the website of the Institute. 

(4) The annual report of each Institute shall be submitted to the Central Government who shall, as soon 

as may be, cause the same to be laid before both Houses of Parliament. 

CHAPTER V 

COORDINATION FORUM 

29.  Establishment  of  Coordination  Forum.—(1)  With  effect  from  such  date  as  the  Central 
Government may, by notification, specify in this behalf, there shall be established a Coordination Forum for 
all the Institutes. 

(2) The Coordination Forum shall consist of the following members, namely:— 

(a) an eminent person to be selected by a Search-cum-Selection Committee as may be constituted 

by the Coordination Forum, as chairperson: 

Provided that the Coordination Forum may select one of its members to act as the chairperson till 

the chairperson is appointed; 

(b)  the  Secretary  to  the  Government  of  India,  in  charge  of  the  Ministry  or  Department  of  the 

Central Government having administrative control of management education, member—ex officio; 

(c) two Secretaries in charge of management education of State Governments in which the Institutes 

are located, by rotation, each year, member—ex officio; 

(d) four Chairpersons of Institutes, to be nominated by the Chairperson of the Coordination Forum, 

by rotation for two years; 

(e) the Director of each Institute, member—ex officio; 

(f) five persons of eminence, of which at least one shall be a woman, in academia or public service, 

to be selected by a sub-committee constituted by the Coordination Forum. 

(3) The term of office of a member referred to in clause (f) of sub-section (2) shall be three years from 

the date of his nomination. 

(4) The non-official members of the Coordination Forum shall be entitled to such travelling and other 

allowances, as may be prescribed. 

13 

 
(5) The Director of the host Institute where the meeting of the Coordination Forum takes place shall 
be the Member Secretary of the Coordination Forum and shall continue to be the Member-Secretary till a 
new host Institute is selected. 

30. Functions of Coordination Forum.—(1) The Coordination Forum shall facilitate the sharing of 

experiences, ideas and concerns with a view to enhancing the performance of all Institutes. 

(2) Without prejudice to the provisions of sub-section (1), the Coordination Forum shall perform the 

following functions, namely:— 

(a)  recommend  to  the  Central  Government,  the  institution  of  scholarships  including  for  research 
and  for  the  benefit  of  students  belonging  to  the  Scheduled  Castes,  the  Scheduled  Tribes  and  other 
socially and educationally backward classes of citizens; 

(b)  deliberate  on  such  matters  of  common  interest  to  Institutes  as  may  be  referred  to  it  by  any 

Institute; 

(c) promote necessary coordination and co-operation in the working of the Institutes; 

(d) review the achievement of policy objectives; and 

(e) perform such other functions as may be referred to it by the Central Government. 

(3) The Coordination Forum may constitute such committees as it may consider necessary for carrying 

out its functions under this section. 

(4)  The  Chairperson  of  the  Coordination  Forum  shall  ordinarily  preside  at  the  meetings  of  the 
Coordination  Forum  and  in  his  absence,  any  other  member  chosen  by  the  members  present  amongst 
themselves at the meeting, shall preside at the meeting. 

(5) The Coordination Forum shall submit a report on its functions under sub-section (2) to the Central 

Government. 

(6) The Coordination Forum shall meet at least once in a calendar year. 

(7) At each meeting of the Coordination Forum, the host institute, which would host the next meeting, 

shall be selected: 

Provided that no Institute shall host the meeting for more than two consecutive years. 

CHAPTER VI  
MISCELLANEOUS 

31. Acts and proceedings not to be invalidated by vacancies, etc .—No act of any Institute or the 
Board  or  the  Academic  Council  or  any  other  body  set-up  under  this  Act  or  the  regulations,  shall  be 
invalid merely by reason of— 

(a) any vacancy or defect in the constitution thereof; or 

(b) any irregularity in its procedure not affecting the merits of the case; or 

(c) any defect in the selection, nomination or appointment of a person acting as a member thereof. 

32. Return and information to be provided to Central Government.—Every Institute shall furnish 
to the Central Government such returns or other information with respect to its policies or activities as the 
Central Government may, for the purpose of reporting to the Parliament or for the making of policy, from 
time to time, require. 

33. Institute to be public authority under Right to Information Act.—(1) The provisions of the Right 
to Information Act, 2005 (22 of 2005) shall apply to each Institute, including Institutes established in public-
private  partnership,  as  if  it  were  a  public  authority  established  by  notification  issued  or  order  made  under 
clause (h) of section 2 of the Right to Information Act, 2005. 

(2)  A  copy  of every  notification proposed to be issued or  order to be  made under the  Act referred to in                 

sub-section (1), shall be laid in draft before each House of Parliament, while it is in session, for a total period of 
thirty days which may be comprised in one session or in two or more successive sessions, and if, before the 

14 

 
expiry of the session immediately following the session or the successive sessions aforesaid, both Houses agree 
in disapproving the issue of the notification or order or both Houses agree in making any modification in the 
notification or order, the notification or order shall not be issued or made, as the case may be, shall be issued or 
made only in such modified form as may be agreed upon by both the Houses. 

34.  Power  of  Central  Government  to  make  rules.—(1)  The  Central  Government  may,  by 

notification, make rules, for carrying out the provisions of this Act. 

(2)  In  particular,  and  without  prejudice  to  the  generality  of  the  foregoing  power,  such  rules  may 

provide for all or any of the following matters, namely:— 

(a) such other powers and duties of the Board under clause (w) of sub-section (2) of section 11; 

(b) the term and conditions of service of the Director under sub-section (2) of section 16; 

(c) the travelling and such other allowances payable to the members of the Coordination Forum for attending its 

meetings or its Committees under sub-section (4) of section 29; 

(d) any other matter which is to be or may be, prescribed or in respect of which provision is to be 

made by the Central Government by rules. 

35.  Power  to  make  regulations.—(1)  The  Board  may,  by  notification,  make  regulations  not 

inconsistent with this Act and the rules made thereunder to carry out the provisions of this Act. 

(2) In particular and without prejudice to the generality of the foregoing power, such regulations may 

provide for all or any of the following matters, namely:— 

(a) tenure, remuneration and terms and conditions of employees of existing Institute under clause 

(d) of section 5; 

(b) admission of candidates to the various courses of study under clause (b) of section 7; 

(c) the manner of nominating the members from the faculty of respective Institutes under clause (e) 

of sub-section (2) of section 10; 

(d) the conferment of honorary degrees under clause (g) of sub-section (2) of section 11; 

(e)  the  number  of  posts,  emoluments  and  the  duties  and  conditions  of  service  of  the  academic, 

administrative, technical and other staff under clause (j) of sub-section (2) of section 11; 

(f)  determine  performance  objectives  on  the  basis  of  which  variable  pay  may  be  paid  to  the 

Director under clause (i) of sub-section (2) of section 11; 

(g) to  specify  by  regulations,  the fees to  be  charged for course  of  study  and examinations in the 

Institute under clause (m) of sub-section (2) of section 11; 

(h)  the  manner  of  formation  of  Departments  of  teaching  under  clause  (n)  of  sub-section  (2)  of 

section 11; 

(i) the  institution  of fellowships,  scholarships,  exhibitions,  medals  and  prizes under clause  (o)  of 

sub-section (2) of section 11; 

(j) the  qualifications,  classification,  terms  of  office  and  method  of  appointment  of  the  academic, 

administrative,  technical  and  other  staff  of  the  Institute  under  clause  (p)  of  sub-section  (2)  of          
section 11; 

(k)  the  constitution  of  pension,  insurance  and  provident  funds  for  the  benefit  of  the  academic, 

administrative, technical and other staff under clause (q ) of sub-section (2) of section 11;  

(I)  the  establishment  and maintenance  of  buildings  under clause (r)  of  sub-section (2)  of section 

11; 

(m) the conditions of residence of students of the Institute and levying of fees for residence in the 

halls and hostels and of other charges under clause (s) of sub-section (2) of section 11; 

15 

 
(n)  the  manner  of  authentication  of  the  orders  and  decisions  of  the  Board  under  clause  (t)  of               

sub-section (2) of section 11; 

(o)  the  meetings  of  the  Board,  the  Academic  Council  or  any  Committee,  the  quorum  at  such 

meetings  and  the  procedure  to  be  followed  in  the  conduct  of  their  business  under  clause  (u)  of            
sub-section (2) of section 11; 

(p) the financial accountability of the Institute under clause (v) of sub-section (2) of section 11; 

(q)  delegate  such  powers  and  functions  of  the  Board  to  the  Director  under  sub-section  (3)  of 

section 11; 

(r) the qualifications, experience and the manner of selection of the independent agency or group 

of experts under sub-section (5) of section 11; 

(s) allowances of the members of the Board for attending meetings under sub-section (6) of section 

12; 

(t) such other powers and functions of the Academic Council under sub-section (2) of section 15; 

(u) the powers and duties of the Director under sub-section (4) of section 16; 

(v)  constitution  of  such  committees  and  other  authorities  of  the  Institute  and  their  duties  and 

functions under sub-section (1) of section 20; 

(w) the manner of depositing or investing the moneys credited to the Fund of every Institute under 

sub-section (2) of section 21; 

(x) the manner of application of the Fund of the Institute under sub-section (4) of section 21; and 

(y) any other matter which is to be or may be, specified by regulations. 

36.  Ordinances  how  made.—(1) Save as otherwise provided in this section, 1[Ordinances] shall be 

made by the Academic Council. 

(2) Subject to the provisions of this Act and the rules and regulations made thereunder, the Ordinances of 

every Institute may provide for all or any of the following matters, namely:— 

(a) the admission of students to the Institute; 

(b) the courses of study to be laid down for all degrees and diplomas of the Institute; 

(c) the conditions under which students shall be admitted to the degree or diploma courses and to 

the examinations of the Institute, and shall be eligible for degrees and diplomas; 

(d) the conditions of award of the fellowships, scholarships, exhibitions, medals and prizes; 

(e)  the  conditions  and  model  of  appointment  and  duties  of  examining  bodies,  examiners  and 

moderators; 

(f) the conduct of examinations; 

(g) the maintenance of discipline among the students of the Institute; and 

(h) any other matter which is to be or may be provided for by the Ordinances. 

(3) All Ordinances made by the Academic Council shall have effect from such date as it may direct, 
but every Ordinance so made shall be submitted, as soon as may be, to the Board and shall be considered 
by the Board at its next meeting. 

(4)  The  Board  shall  have  power  by  resolution  to  modify  or  cancel  any  such  Ordinance  and  such 
Ordinance shall from the date of such resolution stand modified accordingly or cancelled, as the case may 
be. 

37. Rules and regulations to be laid before Parliament.—Every rule made by the Central Government 
and the first regulation made by the Board under this Act shall be laid, as soon as may be after it is made, 
before  each  House  of  Parliament,  while  it  is  in  session,  for  a  total  period  of  thirty  days  which  may  be 

1. Subs. by Act 31 of 2019, s. 3 and the Second Schedule, for “Ordinance” (w.e.f. 8-8-2019). 

16 

 
                                                      
comprised  in  one  session  or  in  two  or  more  successive  sessions,  and  if,  before  the  expiry  of  the  session 
immediately  following  the  session  or  the  successive  sessions  aforesaid,  both  Houses  agree  in  making  any 
modification in the rule or regulation or both Houses agree that the rule or regulation shall not be made, the 
rule or regulation shall thereafter have effect only in such modified form or be of no effect, as the case may be; 
so, however, that any such modification or annulment shall be without prejudice to the validity of anything 
previously done under that rule or regulation. 

38. Power to remove difficulties.—(1) If any difficulty arises in giving effect to the provisions of this 
Act, the Central Government may, by order published in the Official Gazette, make such provisions not 
inconsistent with the provisions of this Act, as may appear to it to be necessary or expedient for removing 
the difficulty: 

Provided that  no  such  order  shall be  made  under  this  section after the expiry  of  the  period  of three 

years from the date of commencement of this Act. 

(2) Every order made under this section shall, as soon as may be after it is made, be laid before each 

House of Parliament. 

39. Transitional provisions.—(1) Notwithstanding anything contained in this Act:— 

(a) the Board of every Institute functioning as such immediately before the commencement of this 
Act shall continue to so function until a new Board is constituted for that Institute under this Act, but 
on  the  constitution of a  new  Board under this  Act,  the  members  of  the  Board  holding  office  before 
such constitution shall cease to hold office; 

(b)  every  Academic  Council  or  Faculty  Council,  as  the  case  may  be,  constituted  in  relation  to  every 
Institute  before  the  commencement  of  this  Act  shall  be  deemed  to  be  the  Academic  Council  constituted 
under  this  Act  until  an  Academic  Council  is  constituted  under  this  Act  for  that  Institute,  but  on  the 
constitution of the new Academic Council under this Act, the members of the Academic Council or Faculty 
Council, as the case may be, holding office before such constitution shall cease to hold office; 

(c) until the first regulations are made under this Act, the rules, and bye-laws of each Institute as in 
force, immediately before the commencement of this Act shall continue to apply to the Institute in so 
far as they are not inconsistent with the provisions of this Act. 

(2)  The  Central  Government  may,  without  prejudice  to  the  provisions  of  this  Act,  if  it  considers  so 
necessary  and  expedient,  by  notification,  take  such  measures,  which  may  be  necessary  for  the  smooth 
transfer of the existing Institute to the corresponding Institute. 

17 

 
 
 
THE SCHEDULE 
[See section 4(1)] 

Sl. No. 

Name of  the State 

Name of the existing 
Institute 

Location 

(4) 
Kolkata 

Name of Institute 
incorporated under 
this Act 

(5) 
Indian 
Management, 
Calcutta. 

Institute 

of 

Ahmedabad 

Institute 

Indian 
Management, 
Ahmedabad. 

of 

Bengaluru 

Institute 

Indian 
Management, 
Bangalore. 

of 

Lucknow 

Institute 

Indian 
Management, 
Lucknow. 

of 

Indore 

Indian 
Management, Indore. 

Institute 

of 

Kozhikode 

Institute  of 

Indian 
Management, 
Kozhikode. 

Shillong 

Institute 

Indian 
Management, 
Shillong. 

of 

(1) 
1.  

(2) 
West Bengal 

2.  

Gujarat 

3.  

Karnataka 

4.  

Uttar Pradesh 

5.  

Madhya Pradesh 

6.  

Kerala 

7.  

Meghalaya 

(3) 
Indian Institute of 
Management  Calcutta, 
a Society registered 
under the Societies 
Registration Act, 1860 
(21 of 1860). 
Indian Institute of 
Management 
Ahmedabad, a Society 
registered  
under the Societies 
Registration  
Act, 1860 (21 of 1860). 
Indian Institute of 
Management 
Bangalore, a Society 
registered 
under the Mysore 
Societies' 
Registration Act, 1960 
(17 of 1960). 
Indian Institute of 
Management Lucknow, a 
Society registered under 
the Societies Registration 
Act, 1860 
(21 of 1860). 
Indian Institute of 
Management 
Indore, a Society 
registered under 
the Madhya Pradesh 
Societies Registration 
Act, 1973 
(44 of 1973). 
of  
Indian 
management  Kozhikode, 
registered 
a 
under 
Societies 
Registration  Act,  1860 
(21 of 1860). 
Rajiv Gandhi Indian 
Institute of Management 
Shillong, a Society 
registered under the 
Societies Registration 
Act, 1860 (21 of 1860). 

Society 
the 

Institute 

18 

 
 
 
 
 
 
 
 
 
 
 (1) 
8.  

(2) 
Haryana 

9.  

Jharkhand 

10.  

Chhattisgarh 

11.  

Tamil Nadu 

12. 

Uttarakhand 

13.  

Rajasthan 

14.  

Punjab 

15.  

Himachal 
H.P. 

Pradesh 

16. 

Odisha 

Institute 

(3) 
Indian Institute of 
Management Rohtak, a 
Society registered under 
the Societies Registration 
Act, 1860 (21 of 1860). 
Indian Institute of 
Management  Ranchi, a 
Society registered under 
the Societies Registration 
Act, 1860 (21 of 1860). 
Indian 
of 
Management  Raipur,  a 
Society registered under 
the Societies Registration 
Act, 1860 (21 of 1860). 
Indian Institute of 
Management 
Tiruchirappalli, a Society 
registered under the 
Tamil Nadu Societies 
Registration Act, 1975. 
Indian Institute of 
Management Kashipur, a 
Society registered under 
the Societies Registration 
Act, 1860 (21 of 1860). 
Indian Institute of 
Management Udaipur, a 
Society registered under 
the Societies 
Registration Act, 1860 
(21 of 1860). 
Indian Institute of 
Mangement Amritsar, a 
Society resigtered under 
the Societies 
Registration Act, 1860 
(21 of 1860). 
Indian Institute of 
Management Sirmaur, a 
Society registered under 
the Societies Registration 
Act, 1860 (21 of 1860). 
Indian Institute of 
Management Sambalpur, 
a Society registered 
under the Societies 
Registration Act, 1860 
(21 of 1860). 

19 

(4) 
Rohtak 

Ranchi 

Raipur 

(5) 
Indian 
of 
Management, Rohtak. 

Institute 

Indian 
of 
Management, Ranchi. 

Institute 

Indian 
Management, Raipur. 

Institute 

of 

Tiruchirappalli 

Institute 

Indian 
Management,  
Tiruchirappalli. 

of 

Kashipur 

Udaipur 

Amritsar 

Institute 

Indian 
Management, 
Kashipur. 

Institute 

Indian 
Management, 
Udaipur. 

of 

of 

Institute  of 

Indian 
Management, 
Amritsar. 

Sirmaur 

of 
Indian 
Management, Sirmaur. 

Institute 

Sambalpur 

Institute 

Indian 
Management, 
Sambalpur. 

of 

 
 
 
 
 
 
 (1) 
17.  

(2) 
Andhra Pradesh 

18.  

Maharashtra 

19.  

Bihar 

20. 

Jammu and Kashmir 

(4) 
Visakhapatnam 

(5) 
Indian 
Management, 
Visakhapatnam. 

Institute 

of 

Nagpur 

Indian 
of 
Management, Nagpur. 

Institute 

Bodhgaya 

Institute 

Indian 
Management, 
Bodhgaya. 

of 

Jammu 

Indian 
of 
Management, Jammu. 

Institute 

(3) 
Indian Institute of 
Management 
Visakhapatnam, a 
Society registered under 
the Societies Registration 
Act, 1860 (21 of 1860). 
Indian Institute of 
Management Nagpur, a 
Society Registered under 
the Societies Registration 
Act, 1860 (21 of 1860). 
Indian Institute of 
Management                
Bodhgaya, a Society 
registered under the 
Societies Registration 
Act, 1860 (21 of 1860). 
Indian Institute of 
Management Jammu, a 
Society registered under 
the Jammu and Kashmir 
Societies Registration 
Act, 1998 (VI of 1998.) 

20 

 
 
 
